American Trust Makes New $104,000 Investment in ZoomInfo Technologies Inc. (NASDAQ:ZI)

American Trust acquired a new stake in ZoomInfo Technologies Inc. (NASDAQ:ZI) during the third quarter, HoldingsChannel reports. The firm acquired 10,030 shares of the company’s stock, valued at approximately $104,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raleigh Capital Management Inc. purchased a new position in ZoomInfo Technologies in the 3rd quarter valued at $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in ZoomInfo Technologies during the 3rd quarter worth $37,000. GAMMA Investing LLC lifted its stake in shares of ZoomInfo Technologies by 114.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,992 shares of the company’s stock worth $41,000 after acquiring an additional 2,134 shares during the period. KBC Group NV boosted its holdings in shares of ZoomInfo Technologies by 39.0% in the third quarter. KBC Group NV now owns 9,393 shares of the company’s stock valued at $97,000 after acquiring an additional 2,635 shares in the last quarter. Finally, Wedmont Private Capital acquired a new position in shares of ZoomInfo Technologies during the third quarter worth about $110,000. 95.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Piper Sandler raised their price objective on shares of ZoomInfo Technologies from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price target on shares of ZoomInfo Technologies in a report on Wednesday, November 13th. Mizuho upped their price objective on ZoomInfo Technologies from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Barclays raised their target price on ZoomInfo Technologies from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Finally, Scotiabank assumed coverage on shares of ZoomInfo Technologies in a research note on Monday, November 18th. They set a “sector perform” rating and a $10.30 price target on the stock. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $12.77.

Insiders Place Their Bets

In other ZoomInfo Technologies news, Director David Randall Winn sold 290,541 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $11.06, for a total value of $3,213,383.46. Following the completion of the transaction, the director now directly owns 1,266,807 shares in the company, valued at approximately $14,010,885.42. The trade was a 18.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Henry Schuck acquired 492,500 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were acquired at an average price of $10.25 per share, for a total transaction of $5,048,125.00. Following the acquisition, the chief executive officer now directly owns 12,280,501 shares of the company’s stock, valued at approximately $125,875,135.25. The trade was a 4.18 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.10% of the stock is currently owned by company insiders.

ZoomInfo Technologies Trading Down 2.0 %

Shares of ZoomInfo Technologies stock opened at $10.40 on Friday. ZoomInfo Technologies Inc. has a 1 year low of $7.65 and a 1 year high of $19.39. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.63 and a quick ratio of 0.63. The business has a 50 day moving average price of $10.75 and a 200 day moving average price of $10.85. The company has a market capitalization of $3.57 billion, a P/E ratio of 346.78, a P/E/G ratio of 13.58 and a beta of 1.02.

ZoomInfo Technologies Profile

ZoomInfo Technologies Inc, together with its subsidiaries, provides go-to-market intelligence and engagement platform for sales and marketing teams in the United States and internationally. The company's cloud-based platform provides information on organizations and professionals to help users identify target customers and decision makers, obtain continually updated predictive lead and company scoring, monitor buying signals and other attributes of target companies, craft messages, engage through automated sales tools, and track progress through the deal cycle.